MEDGULF

Mediterranean & Gulf Cooperative Insurance & Reinsurance Co.

8030StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	390.59M	270.87M	327.79M	477.00M	338.67M
Total Assets	2.88B	3.12B	3.05B	4.13B	3.85B
Investment Securities	—	—	—	251.09M	388.30M
Reinsurance Recoverable	0.42B	0.69B	0.70B	1.13B	1.00B
Liabilities
Total Liabilities	1.85B	2.20B	2.34B	3.11B	3.09B
Insurance Liabilities	1.66B	2.00B	2.23B	0.23B	0.15B
Unearned Premiums	—	—	—	0.92B	1.06B
Unpaid Claims	—	—	—	1.21B	1.30B
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	49.90M	60.16M
Total Equity	1.03B	0.92B	0.71B	1.01B	0.76B
Shares Outstanding	105,000,000	105,000,000	105,000,000	105,000,000	70,000,000
Cash & Assets
Total Assets	2.88B	3.12B	3.05B	4.13B	3.85B
Cash & Equivalents	390.59M	270.87M	327.79M	477.00M	338.67M
Net Cash (Debt)	388.51M	260.00M	324.16M	468.47M	322.07M
Net Cash Per Share	3.70	2.48	3.09	4.46	4.60
Net Cash Growth	+49.4%	-19.8%	-30.8%	+45.5%	+74.1%
Other Receivables Insurance	66.77M	32.62M	93.92M	728.49M	858.43M
Restricted Cash	252.98M	327.20M	260.64M	240.68M	198.84M
Land	—	30.00M	30.00M	30.00M	30.00M
Machinery	99.68M	95.32M	85.30M	78.33M	72.44M
Leasehold Improvements	44.39M	44.39M	44.39M	42.56M	42.56M
Property, Plant & Equipment	19.89M	61.86M	52.39M	54.59M	62.83M
Goodwill	480.00M	480.00M	480.00M	480.00M	480.00M
Other Intangibles Insurance	11.09M	18.47M	23.19M	12.11M	7.09M
Deferred Policy Acquisition Cost	—	—	—	49.90M	60.16M
Other Current Assets Insurance	144.17M	91.94M	68.83M	198.35M	197.46M
Other Long Term Assets Insurance	—	—	—	6.27M	6.32M
Long-Term Deferred Tax Assets	10.47M	7.29M	—	—	—
Long-Term Leases	1.14M	1.09M	0.24M	1.43M	7.06M
Current Portion of Leases	0.94M	9.79M	3.39M	7.10M	9.54M
Long-Term Deferred Charges	—	—	—	21.01M	17.66M
Loans & Investments
Investment Debt Securities	—	—	—	251.09M	388.30M
Investment Equity Preferred	9.90M	12.16M	54.86M	211.18M	51.52M
Other Investments	729.83M	782.81M	679.19M	261.97M	179.30M
Reinsurance Recoverable	0.42B	0.69B	0.70B	1.13B	1.00B
Total Investments	1.09B	1.14B	1.04B	0.72B	0.62B
Liabilities & Obligations
Total Liabilities & Equity	2.88B	3.12B	3.05B	4.13B	3.85B
Accounts Payable Insurance	—	—	0.34M	299.65M	164.68M
Accrued Expenses	114.19M	68.64M	53.95M	242.20M	154.86M
Current Income Taxes Payable	9.81M	8.96M	4.29M	14.03M	12.77M
Other Current Liabilities Insurance	17.53M	14.70M	—	10.38M	44.68M
Other Long Term Liabilities Insurance	5.25M	1.02M	—	—	—
Reinsurance Payable	10.75M	76.14M	46.00M	155.26M	165.53M
Unearned Premiums	—	—	—	0.92B	1.06B
Unpaid Claims	—	—	—	1.21B	1.30B
Insurance Annuity Liabilities	1.66B	2.00B	2.23B	0.23B	0.15B
Deffered Tax Liabilities Insurance	—	—	3.19M	2.44M	1.44M
Debt & Funding
Total Debt	2.08M	10.88M	3.63M	8.53M	16.60M
Equity & Book Value
Shareholders' Equity	1.03B	0.92B	0.71B	1.01B	0.76B
Common Stock	1.05B	1.05B	1.05B	1.05B	0.80B
Additional Paid-In Capital	70.00M	70.00M	70.00M	70.00M	—
Retained Earnings	-129.00M	-230.99M	-432.47M	-121.48M	-73.43M
Comprehensive Income & Other	37.64M	28.41M	19.18M	16.13M	33.13M
Book Value Per Share	9.80	8.74	6.73	9.66	10.85
Tangible Book Value	537.55M	418.95M	203.53M	522.54M	272.60M
Tangible Book Value Per Share	5.12	3.99	1.94	4.98	3.89
Filing Date Shares Outstanding	105.00M	105.00M	105.00M	105.00M	70.00M
Total Common Shares Outstanding	105.00M	105.00M	105.00M	105.00M	70.00M
Supplemental
Total Liabilities Insurance	1.85B	2.20B	2.34B	3.11B	3.09B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	390.59M	270.87M	327.79M	477.00M	338.67M
Total Assets	2.88B	3.12B	3.05B	4.13B	3.85B
Investment Securities	—	—	—	251.09M	388.30M
Reinsurance Recoverable	0.42B	0.69B	0.70B	1.13B	1.00B
Liabilities
Total Liabilities	1.85B	2.20B	2.34B	3.11B	3.09B
Insurance Liabilities	1.66B	2.00B	2.23B	0.23B	0.15B
Unearned Premiums	—	—	—	0.92B	1.06B
Unpaid Claims	—	—	—	1.21B	1.30B
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	49.90M	60.16M
Total Equity	1.03B	0.92B	0.71B	1.01B	0.76B
Shares Outstanding	105,000,000	105,000,000	105,000,000	105,000,000	70,000,000
Cash & Assets
Total Assets	2.88B	3.12B	3.05B	4.13B	3.85B
Cash & Equivalents	390.59M	270.87M	327.79M	477.00M	338.67M
Net Cash (Debt)	388.51M	260.00M	324.16M	468.47M	322.07M
Net Cash Per Share	3.70	2.48	3.09	4.46	4.60
Net Cash Growth	+49.4%	-19.8%	-30.8%	+45.5%	+74.1%
Other Receivables Insurance	66.77M	32.62M	93.92M	728.49M	858.43M
Restricted Cash	252.98M	327.20M	260.64M	240.68M	198.84M
Land	—	30.00M	30.00M	30.00M	30.00M
Machinery	99.68M	95.32M	85.30M	78.33M	72.44M
Leasehold Improvements	44.39M	44.39M	44.39M	42.56M	42.56M
Property, Plant & Equipment	19.89M	61.86M	52.39M	54.59M	62.83M
Goodwill	480.00M	480.00M	480.00M	480.00M	480.00M
Other Intangibles Insurance	11.09M	18.47M	23.19M	12.11M	7.09M
Deferred Policy Acquisition Cost	—	—	—	49.90M	60.16M
Other Current Assets Insurance	144.17M	91.94M	68.83M	198.35M	197.46M
Other Long Term Assets Insurance	—	—	—	6.27M	6.32M
Long-Term Deferred Tax Assets	10.47M	7.29M	—	—	—
Long-Term Leases	1.14M	1.09M	0.24M	1.43M	7.06M
Current Portion of Leases	0.94M	9.79M	3.39M	7.10M	9.54M
Long-Term Deferred Charges	—	—	—	21.01M	17.66M
Loans & Investments
Investment Debt Securities	—	—	—	251.09M	388.30M
Investment Equity Preferred	9.90M	12.16M	54.86M	211.18M	51.52M
Other Investments	729.83M	782.81M	679.19M	261.97M	179.30M
Reinsurance Recoverable	0.42B	0.69B	0.70B	1.13B	1.00B
Total Investments	1.09B	1.14B	1.04B	0.72B	0.62B
Liabilities & Obligations
Total Liabilities & Equity	2.88B	3.12B	3.05B	4.13B	3.85B
Accounts Payable Insurance	—	—	0.34M	299.65M	164.68M
Accrued Expenses	114.19M	68.64M	53.95M	242.20M	154.86M
Current Income Taxes Payable	9.81M	8.96M	4.29M	14.03M	12.77M
Other Current Liabilities Insurance	17.53M	14.70M	—	10.38M	44.68M
Other Long Term Liabilities Insurance	5.25M	1.02M	—	—	—
Reinsurance Payable	10.75M	76.14M	46.00M	155.26M	165.53M
Unearned Premiums	—	—	—	0.92B	1.06B
Unpaid Claims	—	—	—	1.21B	1.30B
Insurance Annuity Liabilities	1.66B	2.00B	2.23B	0.23B	0.15B
Deffered Tax Liabilities Insurance	—	—	3.19M	2.44M	1.44M
Debt & Funding
Total Debt	2.08M	10.88M	3.63M	8.53M	16.60M
Equity & Book Value
Shareholders' Equity	1.03B	0.92B	0.71B	1.01B	0.76B
Common Stock	1.05B	1.05B	1.05B	1.05B	0.80B
Additional Paid-In Capital	70.00M	70.00M	70.00M	70.00M	—
Retained Earnings	-129.00M	-230.99M	-432.47M	-121.48M	-73.43M
Comprehensive Income & Other	37.64M	28.41M	19.18M	16.13M	33.13M
Book Value Per Share	9.80	8.74	6.73	9.66	10.85
Tangible Book Value	537.55M	418.95M	203.53M	522.54M	272.60M
Tangible Book Value Per Share	5.12	3.99	1.94	4.98	3.89
Filing Date Shares Outstanding	105.00M	105.00M	105.00M	105.00M	70.00M
Total Common Shares Outstanding	105.00M	105.00M	105.00M	105.00M	70.00M
Supplemental
Total Liabilities Insurance	1.85B	2.20B	2.34B	3.11B	3.09B